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Producer Price Index for final demand up 9.6 percent for year ended November 2021

December 21, 2021

The Producer Price Index for final demand rose 9.6 percent for the 12 months ended in November 2021, the largest advance since 12-month data were first calculated in November 2010. Final goods prices for energy goods increased 43.8 percent over the year ended in November; energy goods accounted for 5.0 percent of final demand spending.

12-month percent change in the Final Demand Producer Price Index, and relative importance weight, by category, January 2014–November 2021
Month Overall final demand, 12-month percent change Final demand foods Final demand energy Final demand goods less foods and energy
12-month percent change Relative importance weight 12-month percent change Relative importance weight 12-month percent change Relative importance weight

Jan 2014

1.3% -0.6% 5.490% 1.0% 6.782% 1.6% 22.125%

Feb 2014

1.2 0.8 5.490 -1.8 6.782 1.4 22.125

Mar 2014

1.6 1.3 5.490 2.4 6.782 1.2 22.125

Apr 2014

1.8 5.4 5.490 4.5 6.782 1.4 22.125

May 2014

2.1 3.6 5.490 2.8 6.782 1.4 22.125

Jun 2014

1.8 3.7 5.490 2.7 6.782 1.4 22.125

Jul 2014

1.9 3.4 5.490 2.0 6.782 1.6 22.125

Aug 2014

1.9 3.8 5.490 0.3 6.782 1.6 22.125

Sep 2014

1.6 4.0 5.490 -0.7 6.782 1.8 22.125

Oct 2014

1.5 4.3 5.490 -4.1 6.782 1.7 22.125

Nov 2014

1.3 4.3 5.490 -6.2 6.782 1.5 22.125

Dec 2014

0.9 4.3 5.490 -13.9 6.782 1.1 22.125

Jan 2015

0.0 2.7 5.797 -23.0 6.309 0.7 22.567

Feb 2015

-0.5 0.5 5.797 -22.7 6.309 0.5 22.567

Mar 2015

-0.9 -1.6 5.797 -21.6 6.309 0.5 22.567

Apr 2015

-1.1 -4.6 5.797 -23.7 6.309 0.4 22.567

May 2015

-0.8 -3.2 5.797 -18.9 6.309 0.5 22.567

Jun 2015

-0.5 -2.9 5.797 -18.3 6.309 0.7 22.567

Jul 2015

-0.7 -3.1 5.797 -17.9 6.309 0.6 22.567

Aug 2015

-1.0 -2.5 5.797 -19.9 6.309 0.4 22.567

Sep 2015

-1.1 -2.9 5.797 -23.2 6.309 0.2 22.567

Oct 2015

-1.4 -4.0 5.797 -21.2 6.309 0.0 22.567

Nov 2015

-1.3 -4.2 5.797 -19.7 6.309 0.0 22.567

Dec 2015

-1.1 -5.1 5.797 -16.5 6.309 0.0 22.567

Jan 2016

0.0 -3.8 5.564 -11.4 5.238 0.0 22.827

Feb 2016

0.1 -2.2 5.564 -15.7 5.238 0.2 22.827

Mar 2016

-0.1 -2.6 5.564 -15.2 5.238 0.4 22.827

Apr 2016

0.2 -2.1 5.564 -11.5 5.238 0.6 22.827

May 2016

0.0 -2.6 5.564 -13.7 5.238 0.6 22.827

Jun 2016

0.2 -2.4 5.564 -11.7 5.238 0.5 22.827

Jul 2016

0.0 -2.5 5.564 -11.1 5.238 0.5 22.827

Aug 2016

0.0 -4.0 5.564 -9.9 5.238 0.8 22.827

Sep 2016

0.6 -3.0 5.564 -3.0 5.238 0.8 22.827

Oct 2016

1.1 -3.1 5.564 0.4 5.238 1.2 22.827

Nov 2016

1.3 -3.4 5.564 -0.2 5.238 1.5 22.827

Dec 2016

1.7 -1.8 5.564 6.3 5.238 1.7 22.827

Jan 2017

1.7 -2.2 5.399 13.7 5.505 2.0 22.906

Feb 2017

2.0 -1.4 5.399 19.9 5.505 2.1 22.906

Mar 2017

2.2 0.5 5.399 15.5 5.505 2.4 22.906

Apr 2017

2.5 2.2 5.399 14.0 5.505 2.4 22.906

May 2017

2.3 1.1 5.399 7.9 5.505 2.2 22.906

Jun 2017

1.9 1.0 5.399 4.0 5.505 2.1 22.906

Jul 2017

2.0 1.6 5.399 4.0 5.505 2.0 22.906

Aug 2017

2.4 2.3 5.399 8.5 5.505 2.1 22.906

Sep 2017

2.6 1.6 5.399 10.9 5.505 2.2 22.906

Oct 2017

2.8 2.6 5.399 7.8 5.505 2.3 22.906

Nov 2017

3.0 3.2 5.399 12.4 5.505 2.4 22.906

Dec 2017

2.5 2.0 5.399 10.3 5.505 2.2 22.906

Jan 2018

2.6 1.8 5.723 8.5 5.577 2.1 21.722

Feb 2018

2.8 0.6 5.723 9.6 5.577 2.2 21.722

Mar 2018

2.9 1.9 5.723 8.6 5.577 2.2 21.722

Apr 2018

2.7 -0.5 5.723 9.4 5.577 2.2 21.722

May 2018

3.1 0.7 5.723 15.4 5.577 2.4 21.722

Jun 2018

3.3 -1.0 5.723 17.5 5.577 2.6 21.722

Jul 2018

3.4 -1.2 5.723 16.6 5.577 2.8 21.722

Aug 2018

3.0 -0.9 5.723 13.7 5.577 2.8 21.722

Sep 2018

2.7 -1.2 5.723 10.1 5.577 2.8 21.722

Oct 2018

3.1 -0.6 5.723 12.5 5.577 2.7 21.722

Nov 2018

2.6 0.4 5.723 4.0 5.577 2.6 21.722

Dec 2018

2.6 2.7 5.723 -3.3 5.577 2.6 21.722

Jan 2019

1.9 1.2 5.744 -7.8 5.279 2.5 21.776

Feb 2019

1.9 1.6 5.744 -6.6 5.279 2.4 21.776

Mar 2019

2.0 0.0 5.744 -0.9 5.279 2.1 21.776

Apr 2019

2.4 1.1 5.744 1.4 5.279 1.8 21.776

May 2019

2.1 0.6 5.744 -2.3 5.279 1.6 21.776

Jun 2019

1.6 2.3 5.744 -6.5 5.279 1.3 21.776

Jul 2019

1.6 2.5 5.744 -5.4 5.279 1.2 21.776

Aug 2019

1.9 2.3 5.744 -6.8 5.279 0.9 21.776

Sep 2019

1.5 2.9 5.744 -8.3 5.279 0.9 21.776

Oct 2019

1.0 3.2 5.744 -8.7 5.279 0.7 21.776

Nov 2019

1.0 3.4 5.744 -4.4 5.279 0.6 21.776

Dec 2019

1.4 1.1 5.744 2.5 5.279 0.5 21.776

Jan 2020

2.0 2.8 5.742 6.6 5.343 0.6 21.641

Feb 2020

1.1 1.1 5.742 0.6 5.343 0.6 21.641

Mar 2020

0.3 0.7 5.742 -13.1 5.343 0.5 21.641

Apr 2020

-1.5 0.3 5.742 -30.4 5.343 0.3 21.641

May 2020

-1.1 6.4 5.742 -26.8 5.343 0.2 21.641

Jun 2020

-0.7 0.7 5.742 -17.1 5.343 0.3 21.641

Jul 2020

-0.3 -0.3 5.742 -14.1 5.343 0.5 21.641

Aug 2020

-0.3 -0.2 5.742 -12.3 5.343 0.9 21.641

Sep 2020

0.3 1.2 5.742 -11.5 5.343 1.1 21.641

Oct 2020

0.6 2.2 5.742 -12.5 5.343 1.0 21.641

Nov 2020

0.8 0.9 5.742 -11.1 5.343 1.3 21.641

Dec 2020

0.8 -0.1 5.742 -7.2 5.343 1.8 21.641

Jan 2021

1.6 1.2 5.590 -2.8 4.993 2.3 21.553

Feb 2021

3.0 4.4 5.590 6.0 4.993 2.7 21.553

Mar 2021

4.1 5.1 5.590 24.0 4.993 3.6 21.553

Apr 2021

6.5 7.3 5.590 48.0 4.993 4.8 21.553

May 2021

7.0 4.3 5.590 44.6 4.993 6.1 21.553

Jun 2021

7.6 10.6 5.590 35.7 4.993 7.0 21.553

Jul 2021

8.0 10.2 5.590 33.4 4.993 7.6 21.553

Aug 2021

8.4 12.8 5.590 32.9 4.993 8.0 21.553

Sep 2021

8.8 13.3 5.590 36.2 4.993 8.2 21.553

Oct 2021

8.8 10.6 5.590 42.6 4.993 8.9 21.553

Nov 2021

9.6 11.7 5.590 43.8 4.993 9.4 21.553

 

12-month percent change in the Final Demand Producer Price Index, and relative importance weight, by category, January 2014–November 2021 (continued)
Month Final demand trade services Final demand transportation and warehousing services Other final demand services (Final demand services less trade, transportation, and warehousing) Final demand construction
12-month percent change Relative importance weight 12-month percent change Relative importance weight 12-month percent change Relative importance weight 12-month percent change Relative importance weight

Jan 2014

0.3% 19.896% 1.0% 4.894% 2.1% 38.730% 3.2% 2.084%

Feb 2014

1.3 19.896 0.7 4.894 1.9 38.730 3.3 2.084

Mar 2014

1.6 19.896 1.1 4.894 1.9 38.730 3.5 2.084

Apr 2014

0.6 19.896 2.9 4.894 1.9 38.730 3.3 2.084

May 2014

3.0 19.896 3.4 4.894 1.7 38.730 3.2 2.084

Jun 2014

1.4 19.896 2.9 4.894 1.6 38.730 3.3 2.084

Jul 2014

2.2 19.896 2.6 4.894 1.6 38.730 3.2 2.084

Aug 2014

2.1 19.896 2.8 4.894 1.7 38.730 3.2 2.084

Sep 2014

1.1 19.896 2.6 4.894 1.7 38.730 3.0 2.084

Oct 2014

2.8 19.896 1.8 4.894 1.4 38.730 2.2 2.084

Nov 2014

2.2 19.896 2.3 4.894 1.4 38.730 2.1 2.084

Dec 2014

4.0 19.896 0.6 4.894 1.4 38.730 2.2 2.084

Jan 2015

4.2 20.034 0.5 5.108 1.1 38.164 2.0 2.020

Feb 2015

1.9 20.034 0.0 5.108 1.1 38.164 2.0 2.020

Mar 2015

1.5 20.034 -0.7 5.108 0.9 38.164 1.9 2.020

Apr 2015

1.7 20.034 -1.9 5.108 1.2 38.164 1.6 2.020

May 2015

0.7 20.034 -2.0 5.108 1.2 38.164 1.7 2.020

Jun 2015

1.6 20.034 -1.9 5.108 1.2 38.164 1.6 2.020

Jul 2015

0.8 20.034 -2.2 5.108 1.2 38.164 1.8 2.020

Aug 2015

1.0 20.034 -3.2 5.108 1.2 38.164 1.8 2.020

Sep 2015

2.1 20.034 -3.2 5.108 0.9 38.164 1.8 2.020

Oct 2015

-0.3 20.034 -3.0 5.108 0.8 38.164 2.2 2.020

Nov 2015

0.4 20.034 -2.8 5.108 0.7 38.164 2.2 2.020

Dec 2015

0.1 20.034 -3.8 5.108 0.9 38.164 2.1 2.020

Jan 2016

1.0 20.339 -2.3 4.986 1.7 38.959 1.3 2.089

Feb 2016

2.3 20.339 -1.9 4.986 1.7 38.959 1.2 2.089

Mar 2016

1.4 20.339 -1.9 4.986 1.7 38.959 1.1 2.089

Apr 2016

1.7 20.339 -1.9 4.986 1.5 38.959 2.1 2.089

May 2016

1.8 20.339 -2.5 4.986 1.6 38.959 2.0 2.089

Jun 2016

2.2 20.339 -2.5 4.986 1.6 38.959 2.0 2.089

Jul 2016

0.6 20.339 -1.9 4.986 1.7 38.959 0.7 2.089

Aug 2016

0.4 20.339 -1.2 4.986 1.6 38.959 0.7 2.089

Sep 2016

0.7 20.339 -1.7 4.986 2.0 38.959 0.7 2.089

Oct 2016

1.4 20.339 -1.0 4.986 2.1 38.959 0.6 2.089

Nov 2016

1.3 20.339 -0.6 4.986 2.2 38.959 0.7 2.089

Dec 2016

1.0 20.339 1.2 4.986 2.0 38.959 0.5 2.089

Jan 2017

0.4 20.264 1.0 4.986 1.5 38.867 1.3 2.074

Feb 2017

-0.4 20.264 1.7 4.986 1.5 38.867 1.3 2.074

Mar 2017

0.9 20.264 0.6 4.986 1.6 38.867 1.5 2.074

Apr 2017

1.2 20.264 1.6 4.986 2.0 38.867 1.0 2.074

May 2017

1.7 20.264 1.9 4.986 2.2 38.867 1.1 2.074

Jun 2017

0.7 20.264 2.2 4.986 2.2 38.867 1.2 2.074

Jul 2017

1.7 20.264 1.4 4.986 2.0 38.867 3.3 2.074

Aug 2017

2.8 20.264 1.8 4.986 1.9 38.867 3.3 2.074

Sep 2017

2.1 20.264 3.5 4.986 1.9 38.867 3.2 2.074

Oct 2017

2.7 20.264 3.4 4.986 2.2 38.867 3.0 2.074

Nov 2017

2.1 20.264 3.8 4.986 2.2 38.867 2.9 2.074

Dec 2017

1.8 20.264 2.3 4.986 2.2 38.867 3.1 2.074

Jan 2018

1.3 20.290 2.3 4.485 2.6 40.558 3.6 1.644

Feb 2018

2.5 20.290 3.2 4.485 2.7 40.558 3.6 1.644

Mar 2018

1.8 20.290 4.9 4.485 3.0 40.558 3.6 1.644

Apr 2018

1.8 20.290 4.4 4.485 2.5 40.558 4.2 1.644

May 2018

1.5 20.290 4.9 4.485 2.5 40.558 4.1 1.644

Jun 2018

2.4 20.290 5.5 4.485 2.6 40.558 4.2 1.644

Jul 2018

1.9 20.290 6.3 4.485 2.7 40.558 3.3 1.644

Aug 2018

1.1 20.290 6.0 4.485 2.7 40.558 3.4 1.644

Sep 2018

0.9 20.290 6.3 4.485 2.8 40.558 3.5 1.644

Oct 2018

1.7 20.290 6.4 4.485 2.8 40.558 4.9 1.644

Nov 2018

2.1 20.290 6.2 4.485 2.5 40.558 5.2 1.644

Dec 2018

3.1 20.290 6.6 4.485 2.5 40.558 5.2 1.644

Jan 2019

2.5 20.411 6.5 4.666 2.1 40.433 5.0 1.688

Feb 2019

2.3 20.411 4.5 4.666 2.3 40.433 5.0 1.688

Mar 2019

2.6 20.411 3.6 4.666 2.1 40.433 5.1 1.688

Apr 2019

3.3 20.411 3.8 4.666 2.3 40.433 5.4 1.688

May 2019

2.7 20.411 3.9 4.666 2.5 40.433 5.5 1.688

Jun 2019

2.2 20.411 3.1 4.666 2.2 40.433 5.3 1.688

Jul 2019

2.6 20.411 3.0 4.666 2.2 40.433 5.6 1.688

Aug 2019

3.9 20.411 2.6 4.666 2.2 40.433 5.5 1.688

Sep 2019

3.2 20.411 1.0 4.666 2.0 40.433 5.6 1.688

Oct 2019

2.3 20.411 0.8 4.666 1.7 40.433 3.9 1.688

Nov 2019

0.8 20.411 -0.1 4.666 1.8 40.433 3.8 1.688

Dec 2019

0.8 20.411 2.2 4.666 1.7 40.433 3.9 1.688

Jan 2020

1.4 20.290 0.8 4.707 2.2 40.543 3.7 1.733

Feb 2020

0.7 20.290 1.1 4.707 1.6 40.543 3.8 1.733

Mar 2020

1.4 20.290 -1.8 4.707 1.5 40.543 3.5 1.733

Apr 2020

1.7 20.290 -5.6 4.707 0.3 40.543 2.7 1.733

May 2020

1.5 20.290 -4.9 4.707 0.1 40.543 2.4 1.733

Jun 2020

1.2 20.290 -3.8 4.707 0.3 40.543 2.4 1.733

Jul 2020

2.0 20.290 -4.7 4.707 0.6 40.543 2.2 1.733

Aug 2020

0.9 20.290 -5.2 4.707 0.8 40.543 1.9 1.733

Sep 2020

1.7 20.290 -4.2 4.707 1.2 40.543 1.7 1.733

Oct 2020

2.4 20.290 -3.5 4.707 1.3 40.543 1.2 1.733

Nov 2020

3.0 20.290 -3.8 4.707 1.3 40.543 1.3 1.733

Dec 2020

1.8 20.290 -5.9 4.707 1.8 40.543 1.2 1.733

Jan 2021

2.3 19.686 -4.2 4.137 2.3 42.337 0.8 1.705

Feb 2021

3.4 19.686 -3.0 4.137 2.9 42.337 0.9 1.705

Mar 2021

2.6 19.686 1.6 4.137 3.2 42.337 1.4 1.705

Apr 2021

3.8 19.686 8.9 4.137 4.5 42.337 2.1 1.705

May 2021

5.8 19.686 7.7 4.137 4.6 42.337 2.8 1.705

Jun 2021

6.8 19.686 8.0 4.137 4.7 42.337 3.2 1.705

Jul 2021

7.6 19.686 11.4 4.137 4.8 42.337 4.4 1.705

Aug 2021

8.9 19.686 13.3 4.137 4.7 42.337 4.9 1.705

Sep 2021

10.4 19.686 11.1 4.137 4.5 42.337 5.3 1.705

Oct 2021

9.3 19.686 11.1 4.137 4.3 42.337 12.1 1.705

Nov 2021

10.8 19.686 13.8 4.137 4.8 42.337 12.3 1.705

Note: All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication. Relative importance weights are from the December of the previous year.

Prices for final demand foods, which were 5.6 percent of total spending, increased 11.7 percent. Prices for final demand goods less foods and energy increased 9.4 percent for the 12 months ended in November. Goods less foods and energy have a weight of 21.6 percent.

Final demand transportation and warehousing services increased 13.8 percent over the year ended in November 2021. Final demand trade services increased 10.8 percent over this period. Other final demand services (final demand services less trade, transportation, and warehousing) were up 4.8 percent.

Since 2014, the 12-month change for prices of final demand energy goods has ranged from −30.4 percent (in April 2020) to 48.0 percent (April 2021).

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — December 2021." Also see charts related to the latest "U.S. Producer Price Indexes" news release. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand up 9.6 percent for year ended November 2021 at https://www.bls.gov/opub/ted/2021/producer-prices-for-final-demand-up-9-6-percent-for-year-ended-november-2021.htm (visited April 19, 2024).

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